XLB, SBM: Big ETF OutflowsThursday, July 19, 1:25 PM ET

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Materials Select Sector SPDR Fund (AMEX:XLB), which shed 1,350,000 shares, or a 2.3% decrease week over week. Among the largest underlying components of XLB, in morning trading today Monsanto Company (NYSE:MON) is off about 0.1%, and DU Pont E I DE Nemours & Company (NYSE:DD) is lower by about 0.2%.

And on a percentage change basis, the ETF with the largest outflow was the Proshares Short Basic Materials (AMEX:SBM), which lost 50,000 of its shares, for a whopping 16.7% decline in outstanding shares.

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